Market Financial Solutions (MFS) has released a range of competitive-rate buy-to-let mortgages which could be of interest to those considering investment in the UK property market. These mortgages come with tracker rates as low as 0.25% above the base rate.
Offering Lower Interest Rates
These new buy-to-let mortgages are introduced with tracker rates starting from an enticing low level of just 0.25% above the base rate. Such potentially low rates present a significant opportunity for those looking to explore investment in the buy-to-let market. In the current property market, finding an affordable interest rate can support the sustainability of property investments, making this offering from MFS something to keep on your radar.
Diverse Fee Structures
In addition to lower interest rates, this new mortgage scheme from MFS poses an advantage of diverse fee structures. These fees differ across four different tiers, coming in at either 2%, 4%, or 6%. Furthermore, the mortgage applicant has the option to add the fee to their loan, providing extra flexibility for investors who are managing cash flow across multiple properties or other investments.
Enhanced Loan Sizes
Recognising the challenges presented by the current high-interest property environment, MFS is introducing boosts to loan sizes. Larger loan sizes are often what property investors seek to increase their portfolio or make meaningful improvements to their existing properties. As such, this initiative from MFS can empower landlords to successfully adapt and thrive within the dynamic property market.
A Message from the CEO
The Chief Executive of MFS, Paresh Raja, discussed the new mortgages, emphasizing the firm’s understanding of the difficulties faced by brokers and landlords in finding financial solutions that seamlessly combine favourable rates, fees, and loan sizes. MFS sees these lower rates and diverse fees as opportunities to provide flexibility and leverage in order to benefit a wider range of customers.
He further hailed this offering as “a shining example of how specialist lenders can innovate”. The objective is to assist brokers and property investors alike, offering the necessary resources to act with unflinching confidence in today’s economic climate.
Longer Mortgage Terms
In addition to all these perks, there is another major update to the MFS range. The properties will now have an increased mortgage term of five years, up from the previous three years. This modification seeks to provide more stability and certainty to borrowers, reducing the stress associated with shorter-term financial commitments. MFS continues to ensure low early repayment charges in the first two years, offering flexibility for those who may need to reconsider their financial arrangements. After the initial two year period, borrowers are free to leave if they wish, providing more leverage and flexibility to property investors.